CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has made the first delivery of 5 Airbus A320neo aircrafts to new Saudi-based airline Flynas.
Commenting on the deal, Chief Executive Officer of CDB Aviation Mr. Patrick Hannigan stated that “This latest addition of NEO aircraft to flynas’ growing fleet advances its ambitious plans to expand the fleet and increase the scope of its offerings in line with the Vision 2030 program,”
“The Saudi market continues to bounce back strongly post-pandemic and flynas will be well-positioned to take advantage of significant pent-up demand,” Mr. Hannigan added.
The first aircraft, with a capacity of 174 passengers, was delivered in Toulouse, France, as part of the companies’ purchase and leaseback agreements announced in late January 2022. CDB Aviation expects to take delivery of the remaining A320neo aircraft and lease them back to the carrier.
Mr. Peter Goodman, CDB Aviation’s Chief Marketing Officer, observed that, “Our commercial team continues to address airlines’ requirements in all corners of the world, leveraging our platform’s leading market position and wide-ranging financing solutions to enhance their fleets and ramp up operations in the face of the progressing recovery across the global air transport industry.”
Flynas, the leading low-cost carrier with a fleet of 34 aircrafts is operating more than 1500 weekly flights to 35 domestic and international destinations. Since its launch in 2007, flynas has transported more than 55 million passengers, a number that has steadily grown over the past 14 years.
flynas offers its guests the best value for money experience through competitive fares, timely flights and superior customer service which has earned several accolades, including the Middle East’s Leading Low-Cost Airline award from the World Travel Awards for seven consecutive years (from 2015 till 2021) as well as the prestigious Skytrax award for Middle East’s Best Low-Cost Airline in (from 2017 till 2021).
